TD Cowen Reiterates Hold Rating on salesforce.com (CRM)

TD Cowen analyst Derrick Wood reiterated a Hold rating and $285.00 price target on salesforce.com (NYSE: CRM).

The analyst commented, "CRM reports 2Q on 8/28. Our partner survey showed encouraging Q/Q improvements in growth execution in commercial markets, but our SI checks point to continued challenges in larger enterprise deal activity. Following its 1Q miss, we look for an in line 2Q and maintain FY25 growth guide with potential upside on margins. With growth heading to single-digits starting in 2Q, maintain Hold rating."

For an analyst ratings summary and ratings history on salesforce.com click here. For more ratings news on salesforce.com click here.

Shares of salesforce.com closed at $262.91 yesterday.

You May Also Be Interested In

• Cantor Fitzgerald Reiterates Neutral Rating on Camtek (CAMT) as Competitive Risks Persist
• Cantor Fitzgerald Reiterates Overweight Rating on FormFactor (FORM) on Long-Term Potential
• Evercore ISI on IBM (IBM): 'weakness is more concentrated toward mainframe/mainframe-related businesses'